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It is not yet known who will take over management of these funds or act as the new head of emerging markets on behalf of GLG.

Over the past three years the GLG EM Diversified Alternative fund lost 6.5%. This is while the average manager in the Citywire Alternative Ucits Emerging Markets Equity Including Asia sector returned 10.8%.

Meanwhile, the GLG EM Currency & Fixed Income Alternative fund returned 8.03% over the same three year period. This compares to a 17.41% return by the average manager in the Citywire Alternative Ucits Credit Strategies sector.

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